Concerning foreign exchange trading, bank purchases from and sales to their customers are classified as retail transactions when the amount involved
A) is less than 100,000 units of currency.
B) is less than 500,000 units of currency.
C) is less than 1 million units of currency.
D) is greater than 1 million units of currency.

Question

Quizplus · Accepted Answer

Retail transactions in foreign exchange trading typically involve amounts less than 1 million units of currency, distinguishing them from larger wholesale transactions.

Concerning Foreign Exchange Trading, Bank Purchases from and Sales to Their